Nigerians Hope for Economy: Two Oil Refineries to Start Operation Before January 2016

Efforts to curb the crushed Nigerian economy due to the fall of crude oil prices globally since the mid-year is underway. Nigerians find the rehabilitation of internal oil manufacturing as the way to curb the situation.

Nigeria has now focused on reviving two out of four internal oil refineries that have the ability of producing 99,000 barrels per day. This was disclosed by the Minister of State for Petroleum Resources; Dr. Ibe Kachikwu in a public document signed by the Group General Manager, Group Public Affairs Division of NNPC; Mr. Ohi Alegbe, on Wednesday, in Abuja.

According to Dr. Kachikwu, “funding of the oil sector has been a puzzling circumstance that the Nigerian government has been struggling to tackle for some time now, but will have a solution to through the persistence and collaboration with investors, either private or international-wise as two of the refineries are set to start operation before the end of December based on the current status”.

The minister also added that the new watch-point of the sector is to have the greatest people doing things at the right time as this is the fastest and best way to fix Nigeria’s economy through the oil and gas industry. He also added that there will be focus in promoting national growth in the sector due to its efficiency in job creation.